I don't know if I agree... and here's a chart for it, since you made this comment in this chart threat.
Weekly MACD still has a bit to go before it breaks the zero line, which I think the daily MACDs will oscillate between each other over the zero line during this. So it's quite likely that the SP will dip below $0.02.
With that said, I'm not convinced a bear reversal is happening until MACD daily dips below the zero line. And the candlestick is still above BB basis, for now.
ECT Chart, page-195
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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26 | 16475353 | 0.002 |
11 | 17969024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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